INSW (NYSE: INSW) SVP reports RSU vesting and share withholding for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
International Seaways, Inc. Senior Vice President Derek G. Solon reported routine equity compensation activity tied to restricted stock units. On March 13, 2026, 1,725 restricted stock units vested and were settled into 1,725 shares of common stock. In connection with this vesting, 807 shares were withheld by International Seaways, Inc. to satisfy tax withholding obligations, a non-market transaction. Following these transactions, Solon directly holds 54,419 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Solon Derek G.
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units | 1,725 | $0.00 | -- |
| Other | Common Stock, no par value per share | 1,725 | $0.00 | -- |
| Tax Withholding | Common Stock, no par value per share | 807 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 1,726 shares (Direct);
Common Stock, no par value per share — 55,226 shares (Direct)
Footnotes (1)
- These 1,725 shares of Common Stock are being acquired in connection with the vesting of 1,725 restricted stock units on March 13, 2026 pursuant to the International Seaways, Inc. 2020 Management Incentive Compensation Plan (the "Plan") which vested units are being settled in shares of Common Stock. In connection with the vesting of the units 807 shares are being withheld by International Seaways, Inc. ("INSW") in payment of the Reporting Person's tax withholding liability incurred as a result of the vesting of the units. These 1,725 restricted stock units vested on March 13, 2026 and are being settled in shares of Common Stock as reported in Table I of this Form 4.
FAQ
What insider transaction did INSW executive Derek G. Solon report on this Form 4?
Derek G. Solon reported the vesting of 1,725 restricted stock units into 1,725 shares of International Seaways common stock. These shares were issued under the 2020 Management Incentive Compensation Plan as part of his routine equity compensation.
What happens to the 1,725 restricted stock units reported by INSW in this filing?
The 1,725 restricted stock units vested on March 13, 2026 and are being settled in 1,725 shares of International Seaways common stock. The restricted stock units themselves are disposed of to the issuer as they convert into common shares.
What compensation plan is referenced in Derek G. Solon’s INSW Form 4 filing?
The transactions relate to the International Seaways, Inc. 2020 Management Incentive Compensation Plan. Under this plan, 1,725 restricted stock units vested on March 13, 2026 and were settled in an equal number of common shares.